Commodities
- Lupin Ltd. shares rise 0.25% as Nifty gains
- DLF Ltd. shares gain 0.76% as Sensex rises
- Share price of Power Finance Corporation Ltd. jumps as Sensex gains 631.19 points
- About time we learnt to build in ESG principles into our businesses
- Indraprastha Gas Ltd. stock price up 0.36 per cent as Sensex climbs
- Federal Bank Ltd. shares drop 0.84% as Sensex rises
- Marico Ltd. shares gain 0.74% as Sensex rises
- Biocon Ltd. share price down 0.29 per cent
- LIC Housing Finance Ltd. share price down 0.14 per cent
Oil & Energy
MCX
1 cr more free LPG connections in 2 yrs, easier access to cooking gas planned: Oil Secretary
Oil Secretary Tarun Kapoor said plans are in the works to provide LPG connection with bare-minimum identity documents and without insisting on residence proof of the place of availing the cooking gas.
NYSE begins move to delist Chinese state oil producer CNOOC
Prohibitions on CNOOC will take effect on March 9, 60 days after the company was added to the list that prohibits U.S. investments, according to a guidance issued by the Treasury Department on Jan. 27.
Oil drops on dollar strength and OPEC+ supply expectations
Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more actively traded May contract slipped by 80 cents to $65.31.
Our competition's global, so we must be global, says Rahul Munjal, MD, Hero Future Energies
"We too want to have a global mindset. Sri was last with Brazilian company Braskem and his role was to make it global. Given the juncture at which HFE is right now, we want to take our Indian company global. We needed somebody who had already done this before," says Munjal.
Oil prices fall on rising US dollar, expectations for supply gains
U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.6%, to $63.17 a barrel at 0241 GMT, giving up all of Thursday's gains.
Crude oil futures rise on spot demand
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 57, or 1.25 per cent, at Rs 4,625 per barrel in 5,929 lots.
Oil prices hit 11-mth highs on tighter supplies, Fed assurance on low rates
Brent crude futures for April gained 19 cents, 0.3 per cent, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1 per cent.
State-run oil companies venturing into green hydrogen
IndianOil, the nation’s largest fossil fuel retailer, aims to build a hydrogen distribution network in the future and is already testing the technology and economics of the fuel in multiple projects. It is the largest producer of hydrogen in the country, mostly using natural gas and naphtha and utilising it to reduce sulphur content in motor fuels at its refineries.
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